Price rejected 1.3325 psychological level multiple times. We could see a double top forming or should there be more upside momentum, price could tap 1.3400 level and then we might see a strong reversal.
Ignore the previous post on NZD/USD from me, NZD/USD looking more bearish to me on higher timeframes. Daily timeframe looking like a bearish gartley pattern forming. Let's short i guess!! Trade at your own risk!
USDCAD forming lower highs and lower lows on monthly timeframe. My take is that it is going to break the weekly support and move south to the monthly support level of 1.2890.
Symmetrical triangle formed on hourly chart. Upside breakout = Long , Downside = Short. Wait for candle to close outside the converging trendlines for a confirmation on position!
USD/CAD forming a symmetrical triangle pattern. My forecast would be a continuation of the uptrend, breakout to the upside could be imminent. It might test resistance at around 1.3450.. Trade at your own risk. Feedback are welcome, cheers!
EUR/USD has broken the uptrend. We might be able to go short; wait for the 4hr candle to close and check the dollar index for strong confluence to go south. Trade at your own risk. Feedback are welcome. Have a profitable week traders!
Bullish crossover and double bottom formed at daily time frame could hint for a re-test at the monthly resistance of 114. Should the price break through the resistance, it could be potentially head towards 115 region and then a pullback. Just sharing my analysis, trade at your own risk. Feedback are welcome. I'm still a novice trader :) Cheers everybody!
GU currently in a downtrend market, there might be a probability of an impulse move back to the resistance. Possibility of going long, we'll see how the candle closes at support
